Mallory Industries has the following cost information for the year just ended: During the year, Mallory produced 10,000 units, out of which 9,100 were sold for $50 each. What is net income under absorption costing?
A)$251,250.
B)$254,850.
C)$285,000.
D)$299,850.
E)None of the answers is correct.

Question

Mallory Industries has the following cost information for the year just ended:  During the year, Mallory produced 10,000 units, out of which 9,100 were sold for $50 each. What is net income under absorption costing?
A)$251,250. 
B)$254,850. 
C)$285,000. 
D)$299,850. 
E)None of the answers is correct.

Quizplus · Accepted Answer

The Answer of Mallory Industries has the following cost information for the year just ended:  During the year, Mallory produced 10,000 units, out of which 9,100 were sold for $50 each. What is net income under absorption costing?
A)$251,250. 
B)$254,850. 
C)$285,000. 
D)$299,850. 
E)None of the answers is correct.

Mallory Industries Has the Following Cost Information for the Year